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Sunday, September 22, 2024

HHS provides $5.3 million to businesses in Monticello under CARES Act

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Through the fourth quarter of 2020, businesses in Monticello received $5.3 million in health-related relief from the CARES Act issued by the Department of Health and Human Services.

According to numbers reported through the fourth quarter of 2020, businesses in Kentucky received $1.6 billion in health-related relief from the CARES Act issued by the Department of Health and Human Services. The largest recipient of funding in the state was St. Elizabeth Medical Center, Inc. with a total of $67.3 million. The average loan size in the city was $278,375 while the state's average loan amount was $337,672.

Of the money distributed, $30 billion went out automatically to health providers based on previous year medicare payments. If the money wasn't returned within 90 days the provider is then automatically entered into the repayment terms that are issued by HHS. With the money going out automatically and the rules constantly changing, some of the businesses that received the money weren't eligible to receive it once the final rules were sent out.

According to the Department of Health and Human Services, this information represents the list of providers that received a payment from the General Distribution, High Impact Targeted Allocation, Safety Net Hospitals, Non-Medicare, Rural Targeted Allocation and/or the Skilled Nursing Facility Targeted Allocation of the Provider Relief Fund and who have attested to receiving one or more payments and agreed to the Terms and Conditions as of July 8, 2020.

All PPP loan recipients
RankBusinessDollar Amount Received
1Wayne County Hospital, Inc.$3,698,696
2Phillips Pratt & Mcfarland, PSC$775,429
3Hicks Enterprises of Monticello, LLC$374,686
4Lake Cumberland Pediatrics, PLLC$128,118
5Faith Healthcare, Inc.$104,902
6Brummett Cosmetic and Family Dental$52,265
7Wayne County Fiscal Court$42,011
8Harold Helton$25,729
9Fahed B Hishmeh PSC, D.M.D.$21,685
10Vision Care PSC$19,465
11Monticello Physical Therapy, Inc.$11,620
12David B.D.O.P.S.C. Mayer$11,106
13James H. Sawyer P. S. C., OD$6,844
14Jeffery Smith Chiropractic T.P.S.C.$5,567
15Ronald Rush$3,188
16Silvers Hometown Pharmacy, LLC$3,043
17True to YOU Counseling Services, LLC$2,604
18Bob Silvers$1,591
19Dr. Robert Martin Breeding$579

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